Prime Minister David Cameron is giving generous tax breaks to fracking companies and local authorities are being bribed to allow fracking for shale gas. Former conservative environment minister Lord Deben recently condemned protesters as “close to Trotskyites.”

Fracking Capitalism, produced by the socialist network A World to Win, is an essential resource for everyone engaged in fighting the fracking menace. It takes apart the arguments for fracking, shows that it is linked to an extractivist capitalist economy that threatens us all, and shows how the movement can fight and win.

Fracking is green, according to its supporters, because shale gas is a less potent greenhouse gas than coal or oil, so it can bridge the gap to a renewable economy. Fracking Capitalism refutes that false argument. Not only will any increase in any fossil fuel increase emissions, but the methane that can leak from fracking operations is a far more powerful greenhouse gas than carbon dioxide. Far from using fracked gas to prepare for a renewable future, the British government has cut subsidies for solar power, made it more difficult to build wind turbines on land, and is cutting funding for bus travel.

The booklet provides a detailed account of how the fracking industry has advanced in Britain. The previous Labour government banned it after fracking in Lancashire caused a mini-earthquake, but the current right-wing coalition sees fracking as a good fit for its profit first corporate agenda, which includes pushing down pay, slashing welfare and deregulating industry. Cameron not only lifted the ban but launched a pro-fracking PR campaign, and amended planning laws to make approvals easier to get.

The authors put fracking in a broadly ecosocialist context, showing that attempts to cut emissions through carbon trading have failed because they don’t challenge capital’s need for short term growth

They also chart the militant opposition to fracking in the UK, particularly in Balcombe, Sussex, where a campaign using occupy and climate camp tactics recently forced Cuadrilla to pull out of fracking. Green Party MP Caroline Lucas was arrested during one of the protests, and effective connections have been made between electoral politics, direct action and local protest.

Fracking Capitalism argues while protests can slow fracking, what’s really needed is an ecosocialist economy that rejects short term profit, and embraces democratic ownership and long term sustainability.

While much of the content is UK specific, particularly the discussion of planning law, it is a well written and detailed guide to the environmental, economic and social issues. I recommend it to anti-fracking campaigners everywhere as a useful tool for challenging this threat.

2 Responses to Fracking Capitalism

It strikes me from reading the above that the members of the pro-fracking fraternity are either short of information on the full implications of fracking or, for some reason, they are choosing to turn a blind eye to them. I guess the reason is the money to be got from fracking, that for them trumps everything even the threat of an uninhabitable planet. That money is their primary motivator is clearly shown by their thinking that offering monetary incentives to local authorities will encourage them to allow fracking on their territories.

What an awful review. As a green activist, and a Liberal Democrat, I’m baffled how Derek Wall can be complimentary to the previous government and call the coalition right wing.

Yes, it’s full of compromises, and I’m not happy with some of what has been allowed through, but were it not for the LibDems, we’d have a minority Tory government able to get all manner of executive decisions through without anyone to stop them.

Where were the Labour Party on delivering greater democracy and a chance for broader political involvement: on voting reform… they backed down and broke their manifesto promises; ditto reform of the House of Lords, and on party funding… well it’s still the LibDems pushing that, and on lobbying too.

The LibDems are not right or left. They’re what the name says liberal democrats, and happen to be pursuing many of the same policies (tax reform, LVT, banking and money reform) as the Green Party Mr Wall is a member of.